Important Reminder: Over-The-Counter Sales of Paper Savings Bonds
Will Be Discontinued After December 31, 2011
The U.S. Department of the Treasury has announced that as of December 31, 2011 banks will no longer be able to submit purchased savings bond forms for customers. To learn how to submit your own bond purchases, for the rest of the article and for frequently asked questions, click here.
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Did you know State Bank of Bement offers a VISA Credit Card with ScoreCard Rewards?! For every $1 spent using your State Bank of Bement VISA Credit Card you receive 1 bonus point. Other advantages include Travel Reservation Service, Vision Care Discounts, Prescription Discounts, Auto Rental Insurance, a low 9.9% APY with an introductory rate of 5.9% (first 6 months), plus much more. Applications are available at the main bank and drive-up facility. Apply today!
State Bank of Bement offers loans for any need. Click here for a Personal Loan Application or here for a Business Loan Application. We are Member FDIC and an Equal Housing Lender.
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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
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